BUSINESS DAY TV: SOEs will be largely to blame if Moody’s cuts SA’s rating
Peter Attard Montalto, senior emerging-markets economist at Nomura International, speaks to Business Day TV about Brian Molefe’s reappointment as CEO at Eskom, the race for the ANC presidency and whether SA faces a spiral of credit-rating downgrades
Peter Attard Montalto is senior emerging-markets economist at Nomura International. BUSINESS DAY TV: There’s been widespread condemnation today at Brian Molefe’s reappointment as CEO of Eskom from Monday from the ANC itself as well as a number of opposition parties and civil society organisations. The speculation is that the move follows President Jacob Zuma’s failure to have Molefe installed as finance minister after he fired Pravin Gordhan. Nomura International senior emerging-markets economist Peter Attard Montalto is a man very much with his finger on the pulse of SA. He joins me now in the News Leader studio. Peter … what do you make of the news of Molefe going back to Eskom on Monday? Do you think it was because he was just going to be a backbencher in Parliament? PETER ATTARD MONTALTO: When I woke up this morning and saw the news I thought it might be a joke initially. The nub of the issue was that it was sort of unsustainable politically to have Brian Molefe on the back benc...
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